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Producing vehicles for transport is one of the most productive uses of capital and labor I can imagine in 2024. If we are incapable of producing good cars, wha
by fastball 2y ago
Producing vehicles for transport is one of the most productive uses of capital and labor I can imagine in 2024.
If we are incapable of producing good cars, what in the world makes you think we would be capable of producing any of the other things you mention? The "don't worry we can make high technology for export to others" shtick is exactly how the USA ended up in a $300B trade deficit to China. It's a lazy mentality and the result is inevitable atrophy of much more than just the industries you think we don't need.
A country the size of the US can and should be producing at least some (but probably most) of all modern necessities it requires, and motor vehicles will continue to be a necessity for the foreseeable future.